Earning Alert -SanDisk (SNDK): Q1 EPS of $0.63 misses by $0.08. Revenue of $1.21B (-8% Y/Y) in-line- 4/19/12

SanDisk (SNDK): Q1 EPS of $0.63 misses by $0.08. Revenue of $1.21B (-8% Y/Y) in-line. SanDisk (SNDK): Q1 comes in line on revenue but misses on a per share basis due to a decline in revenue. Net income fell 49% Y/Y as its bottom line was negatively impacted by lower-than-expected pricing and demand weakness in certain segments. The company adds that it sees similar negative trends in Q2 as well. Shares -1.9% AH

Resistance level is $40.47 and support at $32.24.

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